To the point
As of October 30, 2022, some changes will affect some TD credit cards: earning rates, insurance and fees.
TD announced multiple changes to some TD credit cards:
- TD Rewards
- Cash back
- Aeroplan
TD Rewards
TD First Class Travel® Visa Infinite* Card
Of all TD credit cards, it is on the TD First Class Travel® Visa Infinite* Card that most significant changes have been made.
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 3 points per dollar | 2 points per dollar |
| Travel Purchases made by phone through Expedia For TD | 6 points per dollar | 8 points per dollar |
| Travel Purchases made online through Expedia For TD | 9 points per dollar | 8 points per dollar |
| Grocery | 3 points per dollar | 6 points per dollar |
| Restaurant | 3 points per dollar | 6 points per dollar |
| Pre-authorized purchases | 3 points per dollar | 4 points per dollar |
With these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $25,000 in each of these categories.
When your total Purchases exceed $25,000 in a year in each category noted above, you will receive the Base Earn Rate of 2 TD Rewards Points for every $1 in these types of Purchases.
The year starts after your first statement period in January and runs until the end of your statement period the following January.
There continues to be no annual cap on Expedia For TD Purchases.
Insurance
Changes related to card insurance:
| Insurance | Currently | As of October 30, 2022 |
| Travel Medical Insurance | maximum benefit payable of up to $1,000,000 per insured person per covered trip | maximum benefit payable of up to $2,000,000 per insured person per covered trip |
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
| Hotel/Motel Burglary Insurance | Up to $2,500 per occurrence for eligible personal items belonging to each Cardholder on the Account and eligible family members travelling with the Cardholder |
| Flight/Travel Delay Insurance | Up to $500 per insured person if your flight/trip is delayed for an eligible reason for over 4 hours and 75% of the cost of the trip is charged to your Card. |
Benefits
New card benefits:
| New benefit | Details |
| TD Rewards Birthday Bonus | Each year, you will receive a TD Rewards Birthday Bonus (“Birthday Bonus”) on your TD First Class Travel® Visa Infinite* Account, equal to 10% of the total number of TD Rewards Points earned over the 12 months preceding the Primary Cardholder’s birthday, to a maximum Birthday Bonus of 10,000 TD Rewards Points.. |
| TD Travel Credit |
You will receive one $100 TD Travel Credit on your first Eligible Travel Credit Purchase posted to the Account in a calendar year. An Eligible Travel Credit Purchase includes: |
Card fees
Changes related to the TD First Class Travel® Visa Infinite* Card fees:
| Currently | As of October 30, 2022 | |
| Annual fee | $120 for the primary cardholder | $139 for the primary cardholder |
Visual
The visual of the card will be changed:
Current offers
With the TD First Class Travel® Visa Infinite* Card, you can earn up to 100,000 TD Points† and a first year annual fee rebate:
- Welcome Bonus of 20,000 TD Points when you make your first Purchase with your Card†
- Earn 80,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†.
- A Birthday Bonus of up to 10,000 TD Rewards Points†
Get an Annual Fee Rebate for the first year†.
With the TD First Class Travel® Visa Infinite* Card, you get:
- 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD
- 6 TD Rewards Points† for every $1 you spend on Groceries and Restaurants
- 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account
- 2 TD Rewards Points† For every $1 you spend on other Purchases
This TD credit card is one of the best TD travel rewards cards.
TD Platinum Travel Visa* Card
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 2 points per dollar | 1.5 points per dollar |
| Travel Purchases made by phone through Expedia For TD | 3 points per dollar | 6 points per dollar |
| Travel Purchases made online through Expedia For TD | 5 points per dollar | 6 points per dollar |
| Grocery | 2 points per dollar | 4.5 points per dollar |
| Restaurant | 2 points per dollar | 4.5 points per dollar |
| Pre-authorized purchases | 3 points per dollar | 3 points per dollar |
With the introduction of these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $15,000 for each of these categories.
When your total Purchases exceed $15,000 in a year in each category noted above, you will receive the Base Earn Rate of 1.5 TD Rewards Points for every $1 in these types of Purchases.
The year starts after your first statement period in January and runs until the end of your statement period the following January.
There continues to be no annual cap on Expedia For TD Purchases.
Insurance
New insurance coverages for the TD Platinum Travel Visa* Card:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
| Hotel/Motel Burglary Insurance | Up to $2,500 per occurrence for eligible personal items belonging to each Cardholder on the Account and eligible family members travelling with the Cardholder |
Visual
The visual of the card will be changed:
Current offers
With this new welcome offer for the TD Platinum Travel Visa* Card, you can get up to 50,000 TD points and a first-year annual fee rebate:
- Welcome Bonus of 15,000 TD Rewards Points when you make your first Purchase with your Card†.
- 35,000 TD Rewards Points when you spend $1,000 within 90 days of Account opening†.
Get an Annual Fee Rebate for the first year†.
There is no minimum income requirement for this TD credit card.
TD Rewards Visa* Card
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 1 point per dollar | 1 point per dollar |
| Travel Purchases made by phone through Expedia For TD | 2 points per dollar | 4 points per dollar |
| Travel Purchases made online through Expedia For TD | 3 points per dollar | 4 points per dollar |
| Grocery | 2 points per dollar | 3 points per dollar |
| Restaurant | 2 points per dollar | 3 points per dollar |
| Pre-authorized purchases | 2 points per dollar | 2 points per dollar |
Insurance
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
Visual
The visual of the card will be changed:
Current offers
As a reminder, here is the current offer for this card:
Cash back
TD Cash Back Visa Infinite* Card
Insurance
The TD Cash Back Visa Infinite* Card‘s new insurance coverages:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
Card fees
Changes related to card fees:
| Currently | As of October 30, 2022 | |
| Annual fee | $120 for the primary cardholder | $139 for the primary cardholder |
Visual
The visual of the card will be changed:
Current offers
With the TD Cash Back Visa Infinite* Card, you earn 3% cash back on:
- Grocery stores
- Gas stations
- Recurring bill payments
And 1% cash back on all other purchases.
It’s the best TD cash back credit card, especially for gas purchases.
With this new welcome offer, you could earn 10% cash back on gas and grocery purchases and pre-authorized payments for the first three months (up to $3,500 in purchases). So you can earn up to $350 cash back!
Plus, a first-year annual fee rebate for the Primary and Additional Cardholders.
Finally, you have good insurance coverage, such as travel medical insurance, delayed or lost baggage insurance, collision/loss damage insurance for car rentals and mobile device insurance.
Aeroplan
TD® Aeroplan® Visa Infinite* Card
Insurance
TD® Aeroplan® Visa Infinite* Card insurance changes:
| Insurance | Currently | As of October 30, 2022 |
| Travel Medical Insurance | maximum benefit payable of up to $1,000,000 per insured person per covered trip | maximum benefit payable of up to $2,000,000 per insured person per covered trip |
Current offers
With the TD® Aeroplan® Visa Infinite* Card, you can earn up to 50,000 Aeroplan points:
- A welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†
- 20,000 Aeroplan points when you spend $6,000 within 180 days of Account opening†
- Plus, earn a one-time anniversary bonus of 20,000 Aeroplan points when you spend $10,000 within 12 months of Account opening†
- $100 NEXUS fee rebate†
- Up to eight passengers travelling on the same reservation will all enjoy their first checked bag free (up to 23kg/50lb) when your travel originates on an Air Canada flight†
It’s the best TD credit card for occasional Air Canada travellers.
With the TD® Aeroplan® Visa Infinite* Card, you earn 1.5 points† per dollar of eligible purchases for:
- Grocery stores
- Gas stations
- Air Canada purchases, including Air Canada Vacations
Bottom Line
Like other institutions before it (BMO or National Bank, to name a few), TD has made various changes to its cards.
In terms of TD Rewards points earning, this is partly due to lower interchange fee revenue (the fee charged to merchants for allowing their customers to use a credit card for purchases).
To compensate for this in the eyes of customers, credit card issuers often choose to introduce purchase categories offering more points than before. As always, with changes like this, the winners will be those who take advantage of these different purchase categories by using the right credit card in the right place.
Use our credit card comparison tool to find the card that fits your needs and spending habits!
Come to discuss that topic in our Facebook Group!
